3 reasons why Warren Buffett is shunning stocks — including his own

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Berkshire Hathaway Inc Nouvelles

Berkshire Hathaway Inc,Stock Markets,Investment Strategy

Warren Buffett isn’t hot on stocks right now, as reflected in the 94-year-old CEO's latest moves.

Warren Buffett isn't hot on stocks right now, and the 94-year-old CEO's latest moves reflect that. Berkshire Hathaway on Saturday said its cash pile swelled to a record $325.2 billion in the third quarter, up from $276.9 billion at the end of June. For context, that's more than the market value of Nike , Goldman Sachs , Coca-Cola and Disney . The cash hoard has grown as Berkshire pared down stakes in key holdings such as Apple and Bank of America .

Indeed, Buffett has prided himself in looking for solid investments that are undervalued. The S & P 500 trades at a forward price-to-earnings multiple of 21.5, near its highest level going back to April 2021. It's also only about 2.5% below a record high. Berkshire Class A stock trades at 22.6 time earnings. Earlier this year, it traded at its highest multiple since May 2022.

 

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